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1Globalization ? The move up of transnational CompaniesThe economy of the past has a few canonical rules to support prosperity;?Effective standards of unified governance to image that managers and the overbearing shareholders to do the right topic by other investors;?A high degree of bodied transparency and decorous impertinent auditing;?Efficient stock exchanges;? juristic frameworks that are businesslike and transparent, with legal systems to enforce the rules credibly and without respect;?A go on distinction between regulators and the set;?Banking systems that are independent, transparent, and competitive; and?A well-resourced, inquisitive, and independent media. (Backman, 1999)But the economy in the 21st century, powered by the liberalization of world trade, privatization, breakthroughs in information engineering and pare back transportation costs, the play of multinational corporations (MNC) has increased from 37,000 in 1990 to to a greater achievement than 60,000 in 2006 (Perdersen and Huniche, 2006). Globalization can stimulate economic, social, and environmental blow up in developing countries through industry development, job creation, engineering transfer etc (Deresky, 2002). But on the other hand, globalization makes it difficult for governmental... If you want to get a full essay, order it on our website: Ordercustompaper.com
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